{"symbol":"XLC","slug":"xlc","name":"Communications","group":"Sector & country ETFs","asof":"2026-11-06","price":104.79,"scale":"log","headline":"cycle IV double three, primary Y live","trend":"down","swing":"down","invalidation":120.4,"call":{"status":"held","previous":"2026-11-05"},"main":{"summary":"cycle IV is still unfolding as a larger complex correction (double three W-X-Y)","structure":"","next":"minute iii of minor 5 toward $101.34, minor 5 toward $99.25, (c) toward $98.55, Y toward $92.69, cycle IV toward $95.38, then cycle V","window":null,"invalid_if":{"price":120.4,"direction":"above"}},"levels":[{"timeframe":"Monthly","degree":"Cycle","direction":"down","wave":"cycle IV down from $120.40, in progress","target":{"low":95.38,"high":null},"invalidation":120.4,"window":{"from":"2026-10-22","to":"2031-05-08","likely_from":"2027-04-03","likely_to":"2028-07-08"}},{"timeframe":"Weekly","degree":"Primary","direction":"down","wave":"primary Y of cycle IV down from $115.61, in progress","target":{"low":92.69,"high":null},"invalidation":115.61,"window":{"from":"2026-11-15","to":"2027-05-11","likely_from":"2026-12-19","likely_to":"2027-02-13"}},{"timeframe":"Daily","degree":"Intermediate","direction":"down","wave":"intermediate (c) of primary Y down from $113.17, in progress","target":{"low":98.55,"high":null},"invalidation":113.17,"window":{"from":"2026-11-01","to":"2026-11-01","likely_from":"2026-11-01","likely_to":"2026-11-01"}},{"timeframe":"Hourly","degree":"Minor","direction":"down","wave":"minor 5 of intermediate (c) down from $107.59, in progress","target":{"low":99.25,"high":null},"invalidation":107.59,"window":{"from":"2026-11-05","to":"2026-11-28","likely_from":"2026-11-06","likely_to":"2026-11-11"}},{"timeframe":"15-minute","degree":"Minute","direction":"down","wave":"minute iii of minor 5 down from $105.65, in progress","target":{"low":101.34,"high":null},"invalidation":105.65,"window":{"from":"2026-11-06","to":"2026-11-08","likely_from":"2026-11-06","likely_to":"2026-11-07"}}],"answer":"Communications (XLC) Elliott Wave count at the Nov 6, 2026 close (price 104.79): the called count is cycle IV double three, primary Y live. It is invalid above 120.4. On the daily chart, intermediate (c) of primary Y down from $113.17, in progress, targeting 98.55 (invalid above 113.17).","markdown":"https://elliottwaveatlas.com/markets/xlc.md","history":[{"date":"2026-11-06","price":104.79,"status":"held","headline":"cycle IV double three, primary Y live"},{"date":"2026-11-05","price":104.34,"status":"held","headline":"cycle IV double three, primary Y live"},{"date":"2026-11-04","price":104.96,"status":"held","headline":"cycle IV double three, primary Y live"},{"date":"2026-11-03","price":101.44,"status":"held","headline":"cycle IV double three, primary Y live"},{"date":"2026-11-02","price":100.26,"status":"held","headline":"cycle IV double three, primary Y live"},{"date":"2026-10-30","price":99.9,"status":"held","headline":"cycle IV double three, primary Y live"},{"date":"2026-10-29","price":101.21,"status":"held","headline":"cycle IV double three, primary Y live"},{"date":"2026-10-28","price":103.14,"status":"held","headline":"cycle IV double three, primary Y live"},{"date":"2026-10-27","price":103.58,"status":"held","headline":"cycle IV double three, primary Y live"},{"date":"2026-10-26","price":103.85,"status":"held","headline":"cycle IV double three, primary Y live"},{"date":"2026-10-23","price":105.51,"status":"held","headline":"cycle IV double three, primary Y live"},{"date":"2026-10-22","price":107.42,"status":"held","headline":"cycle IV double three, primary Y live"},{"date":"2026-10-21","price":108.98,"status":"held","headline":"cycle IV double three, primary Y live"},{"date":"2026-10-20","price":110.19,"status":"held","headline":"cycle IV double three, primary Y live"},{"date":"2026-10-19","price":110.09,"status":"invalidated","headline":"cycle IV double three, primary Y live"},{"date":"2026-10-16","price":110.32,"status":"new","headline":"cycle IV triangle complete, cycle V under way"}],"disclaimer":"Educational and informational only. Not investment advice. Elliott Wave counts are probabilistic scenarios and can be wrong."}